Tractor Supply (NASDAQ:TSCO) shares are tumbling on Tuesday, down 8.85% at last check, as first-quarter financial results reveal a decrease in net income and diluted earnings per share.
The stock’s decline comes as the broader market is experiencing a slight downturn, with the S&P 500 down 0.31% and the Consumer Discretionary sector down 0.06%, adding pressure to shares as markets edged lower.
- The company reported:
- First-quarter earnings per share of 31 cents, missing the analyst consensus estimate of 35 cents.
- Quarterly sales of $3.592 billion (+3.6% year over year) missed the Street view of $3.639 billion.
- A comparable store sales increase of 0.5% year over year.
- Gross profit rose 3.6% to $1.30 billion from $1.26 billion a year earlier.
- Gross margin remained flat at 36.2% compared to the prior-year quarter.
- Margin gained from cost control, while pricing strategy was a little offset by higher tariffs and delivery costs.
- Operating income decreased 6.3% to $233.4 million from $249.1 million in the first quarter of 2025.
New store openings and, to a lesser extent, comparable-store sales drove growth. The company opened 40 new Tractor Supply stores and closed one Petsense by Tractor Supply store in Q1.
Outlook
The firm reaffirmed 2026 GAAP EPS guidance of $2.13 to $2.23, compared with the $2.21 analyst estimate.
Tractor Supply also maintained its 2026 sales outlook of $16.145 billion to $16.455 billion, versus the $16.330 billion estimate.
The broader market is experiencing mixed performance, with major indices like the Nasdaq and Dow Jones also showing losses. This context suggests that while Tractor Supply’s results …
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